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Retnec Retnec
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6 years ago
The Jones Helmet Company manufactures 1,000 bicycle helmets a day, and is able to sell each helmet for $10.00. If the marginal cost of producing the 1,000th helmet was $11.25, this firm should
A) produce fewer helmets because marginal cost exceeds marginal revenue.
B) produce more helmets because revenue would rise by $10.00 for each additional helmet produced.
C) continue to produce 1,000 helmets per day.
D) produce more helmets because profit would increase by $1.25 for each additional helmet produced.
E) The correct answer cannot be determined from the information provided.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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foliogefolioge
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Retnec Author
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6 years ago
this is exactly what I needed
Evolution
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Thank you, thank you, thank you!
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